Solid investor appetite for Tsui Wah IPO

The iconic Hong Kong restaurant chain prices its offering at the top to raise $98 million.
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Tsui Wah's flagship Lan Kwi Fong branch (Epicurious)
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<div style="text-align: left;"> Tsui Wah's flagship Lan Kwi Fong branch (Epicurious) </div>

If you have ever been drinking in Hong Kong’s central Lan Kwai Fong entertainment district after midnight, chances are that you may also have visited Tsui Wah restaurant for a late meal or an early breakfast, if you prefer to look at it that way.

The popular restaurant, which is open 24 hours and serves a late dinner until 7am, is part of Hong Kong’s leading chain of cha chaan teng restaurants informal eateries similar to a cafe or diner and has been catering to hungry Hong Kongers since 1967. By now, the company has 21 outlets spread across the territory, as well as four in mainland China and one...

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